Trade few pairs | Forex Forum oleh Myfxbook

Anggota Sejak Jul 19, 2020 751 pos

Nov 06, 2020 at 13:06

Anggota Sejak Jul 19, 2020 751 pos

I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.

Andronn

Anggota Sejak Jun 30, 2020 90 pos

Nov 08, 2020 at 14:19

Anggota Sejak Jun 30, 2020 90 pos

There are many strategies that allow you to trade simultaneously for different currency pairs. Some of them force the trader to trade in two or three pairs of currencies at once.

EbonyJones

Anggota Sejak Jul 20, 2020 232 pos

Nov 08, 2020 at 19:08

Anggota Sejak Jul 20, 2020 232 pos

I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

AliaDare

Anggota Sejak Jul 19, 2020 788 pos

Nov 08, 2020 at 22:39

Anggota Sejak Jul 19, 2020 788 pos

My trading mindset with you is the same. I also think it is better to trade with Few Pairs. It has a good understanding of the pair.

LyudmilLukanov

Anggota Sejak Jul 23, 2020 869 pos

Nov 15, 2020 at 13:29

Anggota Sejak Jul 23, 2020 869 pos

EbonyJones posted:
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

Yes. Mastering only one or two pair is enough to become successful in the market. New traders often trade with many pair and end up learning nothing.

Starcliff

Anggota Sejak Nov 16, 2020 55 pos

Nov 16, 2020 at 05:53

Anggota Sejak Nov 16, 2020 55 pos

Personally, I choose the number of pairs of my mood for trading, and here's my strategy, and I like that with a broker Amarkets where you can choose the one you need with more than 250 financial instruments

SofieAndreasen

Anggota Sejak Jul 23, 2020 759 pos

Nov 20, 2020 at 17:16

Anggota Sejak Jul 23, 2020 759 pos

Andronn posted:
There are many strategies that allow you to trade simultaneously for different currency pairs. Some of them force the trader to trade in two or three pairs of currencies at once.

That’s true. Traders also need to know about correlation which is important to choose best suitable pair according to your trading strategy.

Samuelkoi

Anggota Sejak Sep 25, 2019 24 pos

Nov 21, 2020 at 16:20

Anggota Sejak Sep 25, 2019 24 pos

It is better to start trading on those pairs that are easiest to analyze based on news releases. It is also important to have a haven pair that can be traded during times of increased volatility. Also, you can use correlating pairs

GeorgeBischof

Anggota Sejak Jul 19, 2020 318 pos

Nov 21, 2020 at 18:12

Anggota Sejak Jul 19, 2020 318 pos

Yes. If you are new in this market, you should trade only selective pairs.

AliaDare

Anggota Sejak Jul 19, 2020 788 pos

Nov 22, 2020 at 01:15

Anggota Sejak Jul 19, 2020 788 pos

The lower the trading pair, the more you have an idea about the market. I think it is better to trade in low pairs.

Cordawield

Anggota Sejak Nov 03, 2020 65 pos

Nov 22, 2020 at 07:58

Anggota Sejak Nov 03, 2020 65 pos

I do not take many currency pairs into trading, despite the fact that the Amarkets broker offers more than 250 financial instruments, I determine those with which I am most profitable.

Bunaya

Anggota Sejak Nov 05, 2020 54 pos

Nov 23, 2020 at 06:42

Anggota Sejak Nov 05, 2020 54 pos

From the provided more than 250 sets of financial instruments, the broker Amarkets, you can choose exactly those that you like the most and with which you can successfully trade

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EURUSD	1.07406	GBPUSD	1.25536	AUDUSD	0.65802
USDJPY	153.068	USDCAD	1.36637	USDCHF	0.9071